The "standard of living" means how nice or comfortable life is for people. It's like measuring how much
happiness comes from what we have! ๐
This includes not just money, but also important things like healthcare, education, and how safe a place feels. For example, if a family has a cozy home, good food, and schools nearby, their standard of living is high! On the other hand, if they struggle for food, have bad schools, or live in unsafe areas, their standard of living is low. ๐
So, a higher standard of living usually means more comfort and joy in life!